The store in Ferensway has been a cornerstone of the city's shopping scene for years, but financial difficulties have meant the Chinese firm behind the popular retailer have had to put together a rescue plan to ensure the companies long term survival.

In total, House of Fraser is aiming to cut around 6,000 jobs across the UK.

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House of Fraser in Hull is closing - latest news

Among the other branches of the shop to close are nearby branches in Grimsby and Doncaster, as well as their flagship London - Oxford Street store.

The closure was confirmed in a statement on the House of Fraser website. It said: "Currently, House of Fraser operates 59 leased stores across the UK and Ireland and its property portfolio is unsustainable in its current form.

Hull City Council have their say

Council say they're 'confident' another retailer or developer will want to Ferensway site

Reacting to this morning’s news, Councillor Darren Hale, deputy leader of Hull City Council, said: “Unfortunately this news did not come as a surprise as the retailer’s national difficulties have been widely publicised. This is a prime Hull site, and we are confident that another retailer or developer will see the potential of this location.”

Deputy council leader Councillor Daren Hale. (Image: Peter Harbour)

10:38

Hull BID chair says it proves refusing Kingswood development was the right decision

Jim Harris, chair of Hull Bid who oversee the city centre, says House of Fraser’s decision to leave Hull proves that Hull City Council made the right decision to protect the high streets when it refused a planing application to expand Kingswood just a few months ago.

He said: “I would say it shows exactly how fragile the high street is. I think it shows that it was exactly the right choice to protect our fragile high streets.”

Centre manager Jim Harris outside the former Dorothy Perkins store which will be turned into two new units for Footasylum and Smiggle.

10:20

'At least 200' thought to work in Hull's House of Fraser

09:56

'They shouldn't have not let Kingswood happen'

A number of residents are pointing out the closure has come just months after the council rejected plans for an expansion of Kingswood Retail Park.

Bielbs tweeted: “Hull City Council refusing the Kingswood expansion now seems inspired. Imagine what could have happened to the City Centre if it had gone ahead and we had the House of Fraser site, a huge prime location, left empty!”

Find out all the latest news about Kingswood here:

09:39

'A real disaster for the city

People have been leaving their thoughts about the closure on Hull Live’s Facebook page.

“A real disaster for the city centre and hull city council need need need to think quick and act otherwise the city centre will be a ghost town and a no go area with out of town shopping getting even more. Popular,” Ian said.

While Katie just put: “Absolutely gutted.”

09:27KEY EVENT

Shoppers say closure will be a 'disaster' for Hull city centre

House of Fraser announces store closures as new owners step in (Image: PA)

Shoppers have said the closure will be a “disaster” for Hull city centre.

'Gutting'

The store has a special place in the hearts of Hull shoppers.

#Hull what's happening? Gutting that we're on the list of the #HouseofFraser stores to go. My gramps used to work there when it was #BinsBut also Walton st market?!? Where will I spend my birthday money now?!? Relieved to hear #HullFair won't be affected! That would tip me over! https://t.co/B9obmgQhy4

House of Fraser now undergoing period of consultation

The consultation on the closures will take place over the next 17 days and House of Fraser has announced they will seek approval from its creditors on June 22 to go ahead with the closures.

08:24

'Process will affect a significant number of colleagues'

In a statement on the House of Fraser website, they chain has confirmed that staff members affected by the closures have already been informed.

It reads: “This process will affect a significant number of colleagues in the affected locations. Those impacted by the changes have already been informed of the proposed changes. The directors are committed to working with all those affected openly and with sensitivity over the months ahead.”

08:19

6,000 jobs to go

The company say they need to close more than half of their stores in a bid to save the chain.